Question
James plans to fund his individual retirement account, beginning today, with 20 annual deposits of $2,000. If he can earn an annual compound rate of
James plans to fund his individual retirement account, beginning today, with 20 annual deposits of $2,000. If he can earn an annual compound rate of 6% on his deposits, the amount in the account 20 years from today will be ________.
Group of answer choices
$19,636
$98,846
$73,571
$91,524
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Money Locates You
Authors: Joan Ekobena
1st Edition
1774821257, 978-1774821251
